Cost of Living in Norwalk, CA
Housing
The housing market plays a significant role in determining the cost of living in Norwalk, CA.
- Housing Index: 136.2 / 100
- Median Home Price is: $653,000
- Average Rent (2 BR Apartment): $2621 per month
- Average Rent (2 BR House): $2849 per month
Considering a move to Norwalk, CA? With a median home price of 653000, this area positions itself as a potentially expensive market for homebuyers. However, it's crucial to note that the housing index at 136.2 suggests a distinctive financial landscape, possibly indicating a lack of rental options or fluctuating prices. If you're looking for alternatives, be prepared for shifting dynamics, as average rents for a 2-bedroom apartment and house are currently at 2621 and 2849, respectively. It's advisable to factor in local amenities and lifestyle when making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norwalk, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Norwalk, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Norwalk is a financially viable option for your relocation.